Etherparty
Crypto Overview
Overview
Based on the most recent available information, Etherparty (FUEL) was designed as a smart contract platform that aimed to simplify the creation and deployment of smart contracts on various blockchain networks. The project intended to provide user-friendly tools for businesses and individuals to create smart contracts without requiring deep technical knowledge.
Purpose and Utility
The FUEL token was meant to serve as the platform's native utility token, used to pay for smart contract creation and deployment services. However, as of the latest available data, the project appears to be inactive with minimal to no recent development activity.
Business Model Evaluation
The original business model focused on providing smart contract creation tools, which aligns with halal principles as it involves the exchange of genuine utility and services. The concept did not involve any inherently haram activities like interest-based lending or gambling.
Development and Adoption
Current research indicates that the project has shown very limited recent activity, with no significant updates to its platform or ecosystem. The project's social media channels and development repositories show minimal to no recent activity.
Token Distribution and Vesting
Historical data shows that FUEL tokens were distributed through an ICO, with allocations to the team and early investors. However, due to the project's current inactive status, detailed information about current token distribution is not readily available.
Crypto Impact
To assign a comfort level investing in Etherparty from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Etherparty.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.